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Butoxors [25]
3 years ago
12

You invest $17,804 in a CD that has a 6.275% annual interest rate, compounded continuously. How much will you have in 25 years?R

ound to the nearest cent.
Mathematics
1 answer:
lesya692 [45]3 years ago
6 0

Answer:

R = 3.813% per year.

Step-by-step explanation:

  • A = Accrued amount (principal + interest)
  • P = Principal amount
  • r = Annual nominal interest rate as a decimal
  • R = Annual nominal interest rate as a percent
  • r = R/100
  • n = number of compounding periods per unit of time
  • t = time in decimal years; e.g., 6 months is calculated as 0.5 years. Divide your partial year number of months by 12 to get the decimal years.
  • I = Interest amount
  • ln = natural logarithm.
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We know that area of rectangle = Length × Width

We are given,

Length = 12y - 5

Width = 2y

So, area of rectangle = (12y - 5) × (2y)

=   (12y - 5) × (2y)

=   (12y ×  2y) - (5 × 2y)

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<h3>What are algebraic equations?</h3>

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1 year ago
Increase a price of £30 by 10%
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Answer:

£33

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5 0
3 years ago
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Which linear equation has a negative slope? А y = 6 в у= y = – 50 y = 2x + 5​
iris [78.8K]

Answer:

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